# Babcock International completes sale of UK Power business

- Link: https://www.directorstalkinterviews.com/babcock-international-completes-sale-of-uk-power-business/4121040037
- Published: 2021-12-24T07:08:31+00:00
- Author: Giles

**Babcock International Group PLC** (LON:BAB) has announced the completion of the
sale of its Power business to M Group Services for a gross cash consideration of
£50 million.

Babcock’s Power business is a leading provider of engineering services in the UK
overhead line electric transmission and distribution industry. It is trusted to 
deliver high quality outputs to clients including National Grid, Scottish Power 
Energy Networks and Western Power Distribution. Following the sale, the business
will form part of Morrison Energy Services, a division of M Group Services.

The business is a part of Babcock’s Land sector. For the year ended 31 March 2021,
it reported total revenues of £70 million and profit before interest and tax of 
around £7 million before allocated overheads.

> **Babcock International CEO David Lockwood said:**
> “I’m delighted that we continue to make real strides in delivering our plan of
> streamlining the Group. The business is a great fit for M Group Services, and 
> I wish them every success as they continue to grow their operations.”

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